JetBlue Airways provided an operational and financial update for the first quarter of 2025, highlighting challenges related to weather disruptions and mixed macroeconomic demand. The company faced more weather-related issues in February compared to the previous year, which affected flight completion rates. However, JetBlue's focus on operational reliability helped mitigate significant disruption costs.

The airline noted softness in demand during off-peak periods, leading to targeted capacity reductions in March and April. Despite these challenges, demand for peak travel periods remains strong, and JetBlue remains optimistic about the progress of its JetForward initiatives.

Updated guidance for the first quarter of 2025 includes:

- Capacity (Available Seat Miles - ASMs) expected to decline between 4.0% and 5.0% year-over-year.
- Operating revenue per ASM (RASM) guidance remains unchanged at (-0.5%) to 3.5% year-over-year.
- CASM Ex-Fuel, a key cost metric, remains unchanged with an expected increase of 8.0% to 10.0% year-over-year.
- Fuel price per gallon is revised downward to $2.55 - $2.65, compared to the previous estimate of $2.65 - $2.80.
- Capital expenditures are expected to be around $215 million, down from the previously estimated $270 million.

JetBlue also reaffirmed its focus on cost management and efficiency improvements under the JetForward strategy. The company’s updated investor presentation on its business strategy has been furnished as Exhibit 99.1.

The airline acknowledged ongoing risks, including macroeconomic uncertainty, competitive pressures, and potential supply chain disruptions, but remains confident in its long-term growth strategy.